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Estate Planning

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The Importance of Family Legacy Planning

At its heart, an estate plan is deciding what would happen to your property and wealth in the time following your incapacity or death. It identifies who you would like to manage your assets, the beneficiaries of said assets, and can establish your final wishes in regards to how those assets will be distributed. Estate…

Why are we Raising Prices of our Estate Plans in 2019?

Since we opened our doors back in 2015, we have never once increased our prices.  That’s pretty much unheard of in our industry and something we are very proud to have been able to offer to our clients for so long. Beginning in January of 2019 though, we will be expanding our estate practice as…

Love, Marriage, & When to Update Your Estate Plan

Whether having recently married or you’re about to take the plunge, you more than likely have a lot on your mind. Wedding plans, family plans, and an entire lifetime together to think about. However, one thing you may not be thinking about is how your new marriage can and most certainly will affect your current…

The Opportunity of a Lifetime, Literally…

If you or your spouse are over 55 years old, there might be some big tax concerns you have when it comes to moving.  First, you’re worried about the large tax on capital gains. (But maybe you qualify for the $250K/$500K home sale exclusion).  Second, you probably bought your home at a lower price and if…

The Best and Worst Way to Own Your Property

PRIMARY HOMES If you are married and own a primary home, chances are you own it as either “joint tenants” (JT) or “community property with rights of survivorship” (CPWROS). Both are forms of joint ownership, so is there a difference? Oh yes!  A big difference. In California, you get what’s called a “step-up in basis”…

How Step-Up in Basis Works

Should you hold appreciated assets in community property or joint tenancy?  That depends if you live in a community property state like California. If so, let’s start with the following assumptions: You bought land as an investment in 2000 for $40,000.  This is called your BASIS. Today, in 2018, it’s worth $220,000. Capital Gains If you…

The 2018 Tax Bill and what it Means for Estate Planning

BACKGROUND: There can be many reasons why you need a trust – but here are 2 of the most common. The first reason is to avoid probate. Probate is a court process that occurs after you die when you don’t have a trust, when your home, bank accounts, and all other assets will be held by…

Planning to Protect Your Assets

Asset protection planning is an important step to take in safeguarding your hard-earned assets from being lost, inadvertently, because you overlooked something important. The most foundational level of asset protection is to plan for what will happen to your assets in the event of your incapacity or death because you are 100% guaranteed to have…

How to Buy Life Insurance Like a Pro

Life insurance is a purchase only made once or twice in a lifetime, so it is common to be unaware of the ins and outs of policy protection. The potential pitfalls are significant, however, so review the following tips before purchasing a life insurance policy. Get the Right Type and Amounts Life insurance policies are…

Bitcoin, Ethereum, and the Blockchain — What Happens When You Die?

Unless you’ve been living under a rock, you’ve probably heard about Bitcoin. But, you may not know what it is or how it affects your estate planning. Or, maybe you’ve got yourself some Bitcoin, but haven’t given thought to what would happen to your digital currency in the event of your death or incapacity. So…

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San Gabriel, CA 91776
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Union City, CA 94587
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Contact Us

We want you to feel comfortable discussing your legal issue with us, so we offer a free consultation to learn about your problem. Contact us today to setup a time to come in and talk with our team.